LSV Asset Management Has $236.73 Million Position in Marathon Petroleum Corporation $MPC

LSV Asset Management lessened its position in Marathon Petroleum Corporation (NYSE:MPC) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,425,140 shares of the oil and gas company’s stock after selling 49,271 shares during the period. LSV Asset Management owned about 0.47% of Marathon Petroleum worth $236,730,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Marathon Petroleum by 12.3% during the first quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock worth $5,090,611,000 after buying an additional 3,834,501 shares during the last quarter. Boston Partners boosted its holdings in shares of Marathon Petroleum by 58.5% in the 1st quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company’s stock worth $791,274,000 after acquiring an additional 2,011,810 shares in the last quarter. Wellington Management Group LLP grew its position in Marathon Petroleum by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after acquiring an additional 1,862,674 shares during the last quarter. Geode Capital Management LLC increased its holdings in Marathon Petroleum by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after purchasing an additional 1,033,645 shares in the last quarter. Finally, Nuveen LLC bought a new position in Marathon Petroleum in the 1st quarter valued at $147,122,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Up 2.7%

Shares of NYSE:MPC opened at $199.91 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 3.83 and a beta of 0.90. The company has a 50 day moving average of $189.65 and a 200-day moving average of $174.53. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.30.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The business had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. On average, sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $1.00 dividend. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is currently 42.64%.

Analyst Ratings Changes

MPC has been the subject of a number of research reports. Scotiabank restated an “outperform” rating on shares of Marathon Petroleum in a research note on Thursday, October 9th. Piper Sandler boosted their target price on shares of Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen decreased their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets raised their price target on shares of Marathon Petroleum from $208.00 to $210.00 in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. upped their price objective on Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and a consensus target price of $201.57.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.